Faraday Copper (TSE:FDY) Trading 0.8% Higher - Here's Why

Key Points

• Faraday Copper's stock price increased by 0.8% to C$1.26, with trading volume dropping significantly to 39,777 shares, compared to an average of 211,142 shares.
• Analysts at TD Securities raised their target price for Faraday Copper from C$1.25 to C$1.50 and assigned a "buy" rating, contributing to a current average rating of "Buy" for the stock.
• Faraday Copper focuses on advancing its flagship Copper Creek Project in Arizona, which features a significant porphyry copper deposit located northeast of Tucson.

Faraday Copper Corp. (TSE:FDY - Get Free Report)'s stock price traded up 0.8% on Thursday . The company traded as high as C$1.27 and last traded at C$1.26. 39,777 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 211,142 shares. The stock had previously closed at C$1.25.

Analyst Upgrades and Downgrades

Separately, TD Securities boosted their target price on Faraday Copper from C$1.25 to C$1.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Faraday Copper currently has an average rating of "Buy" and an average price target of C$1.50.

Faraday Copper Stock Up 0.8%

The company has a 50-day simple moving average of C$1.07 and a two-hundred day simple moving average of C$0.89. The stock has a market cap of C$255.35 million, a P/E ratio of -12.42 and a beta of 1.62.

Faraday Copper Company Profile

Faraday Copper Corp. is a Canada-based exploration company. The Company is focused on advancing its flagship copper project in Arizona, United States. The Company's projects include Copper Creek Project and Contact Copper Project. The Copper Creek Project is a three-kilometer-long porphyry copper deposit located in Pinal County, less than two hours northeast of Tucson, Arizona.

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